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Raise the debt limit/ please explain

Discussion in 'For Sale- Members only' started by smsnyder, Jul 13, 2011.

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  1. smsnyder

    smsnyder Well-Known Member

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    Raise the debt limit. Add on more debt that we can't pay. Don,t understand this one.
     
  2. ctreay

    ctreay Member

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    If you were a dumbocrat you would understand that taxing the rich would make that right up. Just ask obummer.

    ctreay
     
  3. dud256

    dud256 TS Member

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    http://crooksandliars.com/jon-perr/10-inconvenient-truths-about-debt-ceiling
     
  4. bigdogtx

    bigdogtx Well-Known Member

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    Because they are spending money we don't have on things we don't need to get idiots to vote for most of them,,,,they (congress) have spent us into oblivion and this narcissist in charge has NO CLUE on how to lead and is just playing the class warfare game,,,,

    The BS of not paying SS checks as "there may not be enough money in the coffers" is absolutly one of the lowest things I have ever seen in politics,,,,wonder how many heart attacks he is causing for the fear from the elderly,,,,there is 2 things that the idiot doesn't get,,,,1. The SS deducitions that most here pay and the match by employers is going WHERE???? and 2. If they cannot pay SS checks,,,,does that mean that SS is ALREADY OUT OF MONEY???? Maybe he should go back to the teleprompter....
     
  5. Hal1225

    Hal1225 Member

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    There is no debt. Its just a game being played on the average unsuspecting people.
    Number one the government doesn't need to borrow money from anyone. They print and coin how much they want or need anytime they want to. In 1913 the Congress allow the "Federal Reserve Bank" to be sold to a combine of bankers (Rothschild, Rockefeller and others) for $284 million dollars. This "New Bank" never gets audited by Congress. The "Fed" collects interest on the Governments money every time money is printed, coined and distributed and this "vig" is called the national debt. Congress has voted to raise the "Debt Ceiling" many times. They can vote to close down the Fed and should. People like Greenspan, Bernacke etc lived large off that private bank call the Fed. This is the biggest ripoff of the USA in its History. The Government paying interest on its own money to who for what? What a joke! By allowing the PRIVATE Federal Reserve Bank to control our money supply and interest rates they control our country not the citizens.

    Harry
     
  6. capulona

    capulona TS Member

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    Not raising the debt limit will result in higher interest rates for US debt, ( in the hundreds of billion dollar range). this will then be passed on to (who else) taxpayers. It's way more complex, but that's it in a nutshell.

    The people who oppose raising the limit will be the first to howl when we default and it hits the paycheck and pocketbook.
     
  7. halfmile

    halfmile Well-Known Member

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    One thing most aren't seeing is what will happen if Moody's downgrades the US bond rating because of this. Your 401K will take a shellacking unless you have it strictly in money market funds.

    Interest rates will go up and the Dow will cave.

    What needs to be done is to allow the increase to the exact amount the Democraps cut from the Federal spending. They cut a billion, the limit goes up a billion. and so on.

    Private parties like us have had to long ago learn to live with what we have and not borrow indefinitely. The Gov has to do the same.

    HM
     
  8. BILL GRILL

    BILL GRILL Well-Known Member

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    I suppose this belongs in this section because they are selling us a bill of goods? :)
     
  9. SirMissalott

    SirMissalott Active Member

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    Bill Grill,
    You hit it on the head except for one minor detail. If we buy something on hear we have a "choice' to buy something for economic reasons. The other we have no choice and it is for political gain!!
     
  10. goose2

    goose2 Well-Known Member

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    What the hell is this doing in this section?
     
  11. Hal1225

    Hal1225 Member

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    Let Moody's down grade the US Bond rating. Congress doesn't need Bonds. They have the power to print and coin money in any amount that they feel is necessary to satisfy their greed and yours! The Federal Reserve Bank is a scam PRIVATE BANK
    sold out by Cooked Congress in 1913 to Rothschild, Rockefeller and Friends. This bank is allowed to collect interest on every dollar printed and every coin minted with Congresses permission. This needs to stop now! How else did the $50 Billion each that Warren Buffet, Bill Gates and Soros hoard come into existence?
    Time for more hope and change and American Blood is very cheap and interest free.
    This hope and change did not start with President Obama, he is just carrying on the system that has been fooling the people since 1913 while being a puppet on the powerful Feds string. Who ever controls the money controls the country!
    Presently it's the Federal Reserve Bank, never voted on by the people.

    Harry
     
  12. bsekf

    bsekf Member

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    Harry, you are one in a million that understand just what is going on. The Federal Reserve and a few of the very wealthy(George Soros for one) are in control of the wealth in this country. With that money they control congress and our elections. We may be past the point of no return, more than 50% are beholding to them, so the working (tax paying)part of the population has lost control. Have you noticed, Hillary Clinton has lost interest in being on the Supreme Court. She wants a position at the IMF, which is the Federal Reserve of the World.

    Bill
     
  13. Hal1225

    Hal1225 Member

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    Thank you very much bsekt(Bill). This private owned bank with the Government owned sounding name has us all over hot coals. The history of it was never taught in High School. Not one elected official ever mentions that it is not Gov. owned. This bank steals money legally and no one knows how much!! Why hasn't the FBI Investigated it or the IRS? They are well greased not to!!

    Harry
     
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